2024-05-15 East Caribbean Dollar News
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2024-05-14
Summary of Yesterday
- Opening:
- Closing:
- Difference of Opening & Closing:
- Daily High:
- Daily Low:
- Difference of Daily High & Low:
Statistical Measures
- Mean:
- Standard Deviation:
Trend
Overall Trend Analysis
Given the dataset, it appears that the exchange rates for XCD demonstrate a slight downward trend over the provided period. The rate commences at 0.50617 and progressively closes at 0.5049. However, the fluctuation is minimal, suggesting a generally stable performance.
Seasonality and Recurring Pattern
Regarding seasonality or recurring patterns, the data primarily fluctuates within a narrow range, indicating no obvious seasonal trends on a daily basis. It's crucial to note that discerning any meaningful seasonality would require a more extended dataset spanning multiple years. This would potentially reveal patterns linked to specific months, quarters or even seasonal economic activities.
Outliers Identification
There isn't any clear outlier in the dataset, as the exchange rates do not differ significantly at any point. Extreme fluctuations or abrupt changes in the exchange rate, which could indicate outliers, are not present. The exchange rates consistently oscillate within a close range of values, displaying regular volatility inherent in currency markets.
This analysis focused purely on the provided timescale and exchange rates, excluding any external market factors such as opening/closing hours, weekends/holidays, or the release of key economic news and reports. Understanding how these factors interrelate with the XCD exchange rate could offer further crucial insights. But per the guidelines, these factors were not taken into account in this analysis.
The above interpretations are based solely on the dataset provided and the visible trajectory of the XCD exchange rate in the given timeframe, and no forecasts for future rates have been made.
![Significant Fluctuations Observed in XCD Exchange Rates Over 24-hour Span](http://currencymart.net/images/news/east-caribbean-dollar/2024-05-15/img-0gNdBmIJumxWrrWf9x0NyoS2.webp)